Bullock flags RBA policy tightening doubts as oil price risks mount
RBA's Bullock signals policy may not be tight enough as oil price risks build, hinting at a possible rate hike.
Strive CEO Matt Cole forecasts roughly 50% annual Bitcoin returns into 2030, citing macro trends in the dollar and Treasury rates.
If the Federal Reserve and Treasury step in to cap long-term interest rates, Matt Cole argues that the dollar will become the pressure valve and scarce assets will surge. Speaking with Grace Remington and Sean Hagan, the Strive CEO details a three-part macro framework centered on the dollar, long-end Treasury yields, and Bitcoin returning to its position as the leading alternative to gold. He also presents his base-case forecast of Bitcoin delivering approximately 50% annual returns until 2030.
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RBA's Bullock signals policy may not be tight enough as oil price risks build, hinting at a possible rate hike.
RBA Governor Bullock testified that inflation risks flagged in August are materialising, with Middle East conflict and AI boom pushing up prices.
Japan's headline CPI came in at 1.9% y/y in August, below the 2.0% forecast. Core-core CPI also missed expectations at 1.7%.
New Zealand's August trade deficit was -1349mn, with imports at 8bn and exports at 6.66bn. Food price inflation held at 1.9% y/y, unchanged from July.